Johnson Blake 4

What Happened

• Blake Johnson, Chief Financial Officer of Granite Point Mortgage Trust (GPMT), had restricted stock units (RSUs) convert into 14,619 common shares on February 27, 2026 (two conversion entries of 9,646 and 4,973 shares). To satisfy tax withholding, 7,966 shares were surrendered at $1.74 per share for approximately $13,861. The RSU conversions show a $0 exercise price (typical for RSU settlements); the net result is Johnson received 6,653 shares after withholding.
• This was a scheduled award conversion/vesting event rather than an open-market buy or discretionary sale.

Key Details

• Transaction date: February 27, 2026 (reported on Form 4 filed March 2, 2026). Filing appears timely.
• Entries reported: two RSU conversions of 9,646 and 4,973 shares (code M = conversion/exercise of derivative); tax withholding of 7,966 shares at $1.74/share for $13,861 (code F).
• Net new shares received: 14,619 vested − 7,966 withheld = 6,653 shares added to Johnson’s holdings.
• Shares owned after transaction: not specified in the filing.
• Relevant footnotes: F1 notes RSUs convert 1:1 to common stock. F2/F3 detail the RSU grants (Feb 27, 2025 and June 5, 2025) with vesting of 33% on Feb 27, 2026 and Feb 27, 2027 and 34% on Feb 27, 2028.
• Codes explained: M = conversion/exercise of derivative (here RSU-to-share conversion); F = payment of exercise price or tax liability (share withholding to cover taxes).

Context

• These entries reflect the scheduled vesting and settlement of RSU awards granted in 2025, not an active buy or sell decision in the open market. The withholding of shares to pay taxes is a common administrative step (a form of "sell-to-cover") and does not necessarily indicate a change in the insider’s view of the company.